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Last issue of Energy Amends Implementation Rules for Low Sulfur Fuel

 Last Update: 2021-09-30
 Source: Internet
 Author: User

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The "Contract" stipulates that the "Density (15°C, kg/m3)" of the "Shanghai International Energy Exchange Center Low Sulfur Fuel Oil Quality Standard" in the delivery quality is changed from "not less than 930.

According to the provisions of Article 169 of the "Delivery Rules" related to the validity period of the low-sulfur fuel oil bonded standard warehouse receipt, the "low-sulfur fuel oil bonded standard warehouse receipt is valid from the month after the bonded standard warehouse receipt is generated.

This revision is widely supported by the industry

Jin Xiao, an analyst at the East Securities Futures, believes that the low-sulfur fuel oil rules were drafted at a time when the IMO2020 was switching from low-sulfur to high-sulfur, and the low-sulfur spot market was growing

Jin Xiao emphasized: “The validity period of low-sulfur fuel oil warehouse receipts is very important to all participants in low-sulfur fuel oil futures.

Fang Zhengting, business manager of Yong'an Petroleum, said that the modification of delivery inspection indicators and the appropriate extension of the validity period of the warehouse receipt make the delivered goods closer to the common standards of the ordinary shipping industry in nature, and retain the quality threshold of the warehouse receipt, allowing the terminal Users can be assured of quality and peace of mind when using delivery oil

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